MAS—Largest Buyer Of Gold

🇸🇬 🇸🇬 MAS tops the list of reported gold buyers in 1Q2023: WGC report
MAS bought 69 tonnes — the first increase in the central bank’s gold reserves since June 2021
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Buffett: I Know Where Apple Is Going To Be …..

🚨 🚨 Warren Buffett: I know where Apple is going to be in 5 or 10 years, but not car companies
Buffett says Apple is different — it is ‘a better business than any we own’
He added that the iPhone’s status among consumers makes it an “extraordinary product,” making him very happy to own a stake in the stock
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Berkshire Now Has A Cash Hoard Of $130B

🚨 🚨 Berkshire Hathaway posted an almost 13% gain in operating earnings to $8.07 billion for the first quarter, powered by its insurance underwriting businesses including auto-insurer Geico
Profit from insurance underwriting came in at $911 million, up sharply from $167 million a year prior. Insurance investment income also jumped 68% to $1.969 billion from $1.170 billion
Berkshire’s cash hoard also swelled to $130.616 billion from $128 billion in the fourth quarter of 2022
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Apple Goes Into Webtoons

🚨 🚨 Apple Quietly Taps Korean Web Comics to Revive its Books App
Whats The Deal? The Cupertino, California-based firm signed a three-year exclusive contract with South Korean startup Kenaz in December to supply online comics known as webtoons. The new content was rolled out in Japan last month and will expand to cover all 51 countries where Books is available
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Fed Pause? Watch Inflation This Week

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India: The Bull Is Awakening

🇮🇳 🇮🇳 Global funds have bought a net about $2.5 billion of Indian shares this quarter. The iShares MSCI India ETF has climbed 9.50% since Mar and High Networth Investors can buy this 5% below market. Talk To Us Now: bit.ly/AlgoTrader
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Regional Banks: Hedge Fund Is Buying One Of Them

🚨 🚨 As the market runs from US Regional banks, a hedge fund has been buying shares of a a regional bank that has the best deposit franchises in banking
The bank, whose stock has slumped more than 34% in 2023 amidst the volatility, has a presence is rapid population growth states and has long-duration deposits from transaction checking accounts
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Bad For Health? Fast Food Is Huge

🍔 🍔 While doctors say that fast food, if consumed frequently, can lead to obesity, type 2 diabetes, heart disease, digestive problems and increases the risk of cancer—in reality the fast food market is booming
The global fast food market generated approximately $570 billion in revenue in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 4.2% from 2021 to 2028 and at a CAGR of over 5% from 2021 to 2025
The global hamburger market generated approximately $124 billion in revenue in 2019 and is estimated to be worth around 50 billion burgers
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